Insider Buying: Rogers Sugar Inc. (TSE:RSI) Director Buys C$813,000.00 in Stock

Rogers Sugar Inc. (TSE:RSI) Director M. Dallas H. Ross purchased 150,000 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was purchased at an average price of C$5.42 per share, for a total transaction of C$813,000.00.

Rogers Sugar Stock Performance

TSE RSI opened at C$5.58 on Friday. The company has a fifty day moving average price of C$5.77 and a 200-day moving average price of C$5.73. The company has a debt-to-equity ratio of 104.41, a current ratio of 1.39 and a quick ratio of 0.56. The firm has a market cap of C$711.99 million, a price-to-earnings ratio of 12.77 and a beta of 0.60. Rogers Sugar Inc. has a 1 year low of C$5.12 and a 1 year high of C$6.47.

Rogers Sugar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 9th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 6.45%. The ex-dividend date of this dividend was Friday, December 27th. Rogers Sugar’s dividend payout ratio (DPR) is currently 82.41%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on RSI shares. BMO Capital Markets dropped their price target on shares of Rogers Sugar from C$7.00 to C$6.50 and set a “market perform” rating on the stock in a research report on Friday, February 7th. Scotiabank decreased their price target on shares of Rogers Sugar from C$6.25 to C$6.00 and set an “equal weight” rating for the company in a research note on Friday, February 7th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$6.40.

Rogers Sugar Company Profile

Rogers Sugar Inc engages in refining, packaging, marketing, and distribution of sugar and maple products in Canada, the United States, Europe, and internationally. The company operates in two segments, Sugar and Maple Products. It offers granulated, plantation raw, yellow, brown, organic, icing, maple, stevia, liquid, smart sweetener blend, and coconut sugar; and syrups, jam and jelly mixes, and iced tea mixes.